Morning Calls & Comments (9/27)
Corn: 6 to 8 cents higher.
Soybeans: 12 to 16 cents higher.
Wheat: 15 to 20 cents higher.
Cattle: Steady-weaker
Hogs: Steady-weaker
Wheat futures rose sharply overnight in a corrective rebound from Monday’s losses as outside market pressures eased. Corn and soybeans also gained in corrective trade after USDA reported slower-than-expected harvest progress. Malaysian palm oil futures fell 0.3% amid concerns over weaker demand. Front-month crude oil futures are more than $1 higher. U.S. stock index futures signal a firmer open and the U.S. dollar index is down more than 200 points after earlier rising to the highest level since May 2002.
